Austin Private Wealth LLC Has $2.39 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Austin Private Wealth LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 21.0% in the second quarter, Holdings Channel reports. The fund owned 695 shares of the e-commerce giant’s stock after selling 185 shares during the period. Amazon.com accounts for 0.6% of Austin Private Wealth LLC’s investment portfolio, making the stock its 24th biggest holding. Austin Private Wealth LLC’s holdings in Amazon.com were worth $2,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. MRJ Capital Inc. bought a new stake in Amazon.com in the first quarter valued at about $49,000. Cowa LLC lifted its position in shares of Amazon.com by 100.0% during the first quarter. Cowa LLC now owns 20 shares of the e-commerce giant’s stock worth $68,000 after purchasing an additional 10 shares in the last quarter. Laurel Wealth Planning LLC lifted its position in shares of Amazon.com by 57.1% during the second quarter. Laurel Wealth Planning LLC now owns 22 shares of the e-commerce giant’s stock worth $76,000 after purchasing an additional 8 shares in the last quarter. Newfound Research LLC lifted its position in shares of Amazon.com by 62.5% during the second quarter. Newfound Research LLC now owns 26 shares of the e-commerce giant’s stock worth $89,000 after purchasing an additional 10 shares in the last quarter. Finally, Horan Securities Inc. lifted its holdings in Amazon.com by 125.0% in the second quarter. Horan Securities Inc. now owns 27 shares of the e-commerce giant’s stock valued at $92,000 after buying an additional 15 shares during the period. Institutional investors own 57.67% of the company’s stock.

AMZN has been the topic of several analyst reports. UBS Group cut their target price on shares of Amazon.com from $4,350.00 to $4,020.00 and set a “buy” rating on the stock in a report on Friday, July 30th. The Goldman Sachs Group began coverage on shares of Amazon.com in a report on Monday. They issued a “buy” rating and a $4,250.00 target price on the stock. Truist Securities lowered their price objective on shares of Amazon.com from $4,000.00 to $3,800.00 and set a “buy” rating for the company in a research report on Friday, July 30th. Piper Sandler lowered their price objective on shares of Amazon.com from $4,000.00 to $3,904.00 and set an “overweight” rating for the company in a research report on Friday, July 30th. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $4,400.00 to $4,200.00 and set an “outperform” rating for the company in a research report on Friday, July 30th. One analyst has rated the stock with a hold rating and forty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $4,146.65.

AMZN stock opened at $3,457.17 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.20 and a debt-to-equity ratio of 0.44. Amazon.com, Inc. has a 12 month low of $2,871.00 and a 12 month high of $3,773.08. The firm has a market cap of $1.75 trillion, a P/E ratio of 60.26, a P/E/G ratio of 2.41 and a beta of 1.14. The company’s 50-day moving average price is $3,464.40 and its two-hundred day moving average price is $3,331.92.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, July 28th. The e-commerce giant reported $15.12 EPS for the quarter, beating the consensus estimate of $12.22 by $2.90. Amazon.com had a net margin of 6.64% and a return on equity of 29.86%. The firm had revenue of $113.08 billion for the quarter, compared to analyst estimates of $115.08 billion. Equities analysts predict that Amazon.com, Inc. will post 52.18 EPS for the current year.

In other news, CEO Andrew R. Jassy sold 492 shares of the business’s stock in a transaction that occurred on Monday, August 23rd. The shares were sold at an average price of $3,211.90, for a total value of $1,580,254.80. Following the transaction, the chief executive officer now owns 87,327 shares in the company, valued at approximately $280,485,591.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 1,356 shares of the business’s stock in a transaction on Monday, August 16th. The shares were sold at an average price of $3,283.00, for a total transaction of $4,451,748.00. Following the transaction, the chief executive officer now owns 3,082 shares in the company, valued at approximately $10,118,206. The disclosure for this sale can be found here. Insiders have sold a total of 4,463 shares of company stock worth $14,784,642 over the last ninety days. 14.00% of the stock is currently owned by insiders.

Amazon.com Profile

Amazon.com, Inc engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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